EINSURANCE.(com): EInsurance Journal Life Insurance Articles

The Best Time to Buy Life Insurance is ASAP

EINSURANCE Life Insurance — Tue, 27 Dec 2011 00:00:00 GMT

If you’re reading this you survived another Christmas. Congratulations! But, statistically speaking, you may not be out of the holiday mortality-risk woods just yet. Researchers at the University of California at
San Diego did a comprehensiv...

What Happens When You Lie on an Insurance Application

EINSURANCE Life Insurance — Wed, 21 Dec 2011 00:00:00 GMT

Honesty is the best policy. Cheaters never prosper. It’s a sin to tell a lie. You’ve heard all the clichés but sometimes it takes knowing how easily you can be found out and the consequences of fibbing to hammer home the point. So, t...

Insurance Provides Economic Safety Nets

EINSURANCE Life Insurance — Mon, 31 Oct 2011 00:00:00 GMT

Think you’re going to have to work till you drop. You’re not alone. One in five American workers now believe they will never be able to retire. That’s among the bleak findings from an annual survey of 1,499 adults ages 18 to 66, repre...

September is Life Insurance Awareness Month

EINSURANCE Life Insurance — Mon, 12 Sep 2011 00:00:00 GMT

Life insurance doesn’t have a designated colored ribbon or rubber wrist band, but it does have its own month. September, we are reminded by the National Association of Insurance and Financial Advisors
(NAIFA), is life insurance awareness mon...

Are You Insurance Worthy?

EINSURANCE Life Insurance — Mon, 29 Aug 2011 00:00:00 GMT

When you apply for a loan for a home, a car or a personal line of credit, the lender contacts a credit reporting agency to check your credit-worthiness. But did you know that the insurance industry has a similar
process to help them determine your...

Organize Your Insurance Policies and Your Life with Online File Storage

EINSURANCE Life Insurance — Mon, 20 Jun 2011 00:00:00 GMT

Spring was a little late in coming to many parts of the country this year. When it did show up, it often wreaked havoc. So if you haven’t done your spring cleaning yet, you get a pass and a second chance to
get organized. Start...

Store and Access Insurance Policies in an Online Safe Deposit Box

EINSURANCE Life Insurance — Wed, 15 Jun 2011 00:00:00 GMT

Good for you! You applied for competitive health insurance quotes and car insurance quotes at www.einsurance.com. You secured a health insurance policy and auto insurance policy that fit your needs and budg...

Mail-Order Life Insurance Facts

EINSURANCE Life Insurance — Tue, 12 Apr 2011 00:00:00 GMT

They’re everywhere. Ads for cheap term life insurance fall out of magazines and newspapers, pop up every 3 minutes in late-night commercials and cram your mail box. The offers typically promise cheap term life insurance monthly premiums, no medic...

Life Insurance Trends for 2011 and Beyond

EINSURANCE Life Insurance — Fri, 04 Mar 2011 00:00:00 GMT

A study released early in 2010 by LIMRA, a trade group for insurance and financial services companies, reported that ownership of individual life insurance policies in the US had hit a 50-year low. Fast forward to 2011 and the downward trend seems to b...

Are Insurance Benefits Taxable?

EINSURANCE Life Insurance — Mon, 14 Feb 2011 00:00:00 GMT

Tick. Tick. Tick. April 15 is coming. About 1% of the population is audited every year, but in an effort to bolster revenues, the IRS is reportedly ramping up their scrutiny. One of the red flags is unreported income. Is the inheritance you got from yo...

Are Insurance Settlements Taxable Income?

EINSURANCE Life Insurance — Mon, 14 Feb 2011 00:00:00 GMT

Uncle Sam wants you to declare every single penny of taxable income. Failure to do so may result in an audit (which makes root canal without anesthesiology seem like a picnic) and hefty fines. But what exactly is taxable income? The courts have defined...

Combo Life with Accelerated Benefits Offer Affordable Alternative for Long Term Care Insurance

EINSURANCE Life Insurance — Thu, 10 Feb 2011 00:00:00 GMT

As our nation’s population ages, many people are shopping for long term care insurance quotes, only to encounter pricey policies and increasingly stringent underwriting standards. To satisfy the growing demand for affordable long term care insura...

How to Maximize Your Insurance Tax Deductions for 2010

EINSURANCE Life Insurance — Mon, 24 Jan 2011 00:00:00 GMT

The tax man cometh and he’s headed for your wallet. Itemize your tax return and take full advantage of all legitimate income tax deductions that you’re entitled to in 2010, including insurance deductions. Deductions help lower your gross ta...

Key Man Life Insurance and Tax Deductions

EINSURANCE Life Insurance — Mon, 24 Jan 2011 00:00:00 GMT

The recent news about the health of Apple, Inc.’s visionary founder and CEO Steve Jobs should be food for considerable thought for even the smallest company. Apple no doubt has well-crafted plans in place to protect the company’s value in a...

Decreasing Term Life: What The Insurance Industry Doesn't Want You To Know

EINSURANCE Life Insurance — Fri, 12 Nov 2010 00:00:00 GMT

Ask your insurance agent to explain the difference between various kinds of life insurance. He will tell you that there really are two kinds: temporary and permanent. Term insurance, he will explain, is the temporary kind, and is best suite...

Making More Informed Choices for the New Year - Consider Your Auto, Home, Health and Life Insurance

EINSURANCE Life Insurance — Thu, 11 Nov 2010 00:00:00 GMT

You have insurance, so you're all set if something were to go wrong, right? Well, maybe not. Just because you have insurance, does not mean that you have the kinds of coverage that you need or high enough limits to adequately protect you...

How to File a Life Insurance Claim and Other Things a Beneficiary Needs to Do

EINSURANCE Life Insurance — Tue, 09 Nov 2010 00:00:00 GMT

Nobody likes to think about death, but i...

Are Life Insurance Companies Screening Your Behavior?

EINSURANCE Life Insurance — Mon, 01 Nov 2010 00:00:00 GMT

Is it possible that an analysis of your collective data profile could label you as a poor risk or a desirable candidate for a life insurance policy? Not only possible, but happening now, according to an article published November 19, 2010 in the Wall S...

Insurance 101: What Is It, And Why Should I Care?

EINSURANCE Life Insurance — Fri, 29 Oct 2010 00:00:00 GMT

From crossing the street, to purchasing a new home, to traveling on an airplane, we all face risks daily. We've found ways of avoiding or minimizing certain risks, but it isn't possible to avoid them all. Some risks are trivial, like feeding and burpin...

Insurance Considerations For Domestic Partners

EINSURANCE Life Insurance — Fri, 29 Oct 2010 00:00:00 GMT

Domestic partners are couples who form a union, who desire to share an exclusive life together, and are of the same sex. A recent Supreme Court ruling overturned a Texas state ruling that prevented domestic partners from being recognized as "le...

Life Insurance: Rent Or Own?

EINSURANCE Life Insurance — Fri, 29 Oct 2010 00:00:00 GMT

Once the importance of life insurance is recognized and the search is started for a suitable policy, one of the first choices the prospective buyer commonly faces is whether to purchase Term or Whole Life insurance. While the distinction between these ...

Why You Shouldn’t Cancel Your Life Insurance

EINSURANCE Life Insurance — Fri, 10 Sep 2010 00:00:00 GMT

Unless you’ve had rose-colored glassed surgically installed on your eyeballs, you’ve noticed that the economy is not good. The summer of recovery was pretty much a fizzle and unemployment remains at 9.5%. If you still have a job...

Is Indexed Universal Life Insurance for You?

EINSURANCE Life Insurance — Mon, 30 Aug 2010 00:00:00 GMT

As trendy products go indexed universal life insurance isn’t exactly on a par with organic food or man caves, but it was recently touted in the Wall Street Journal as...

Life Insurance Benefits and Tax Liabilities

EINSURANCE Life Insurance — Fri, 23 Jul 2010 00:00:00 GMT

There are different types of life insurance and different kinds of tax liabilities for the various payouts on benefits. Understanding your options will help you choose the right life insurance for your s...

Beware of Stranger-Owned Life Insurance Scams

EINSURANCE Life Insurance — Fri, 09 Jul 2010 00:00:00 GMT

In a scene reminiscent of Arsenic and Old Lace, a couple of little old ladies in California were convicted in 2008 of murdering homeless men after taking out $2.8 million in life insurance...

What Are the Odds?

EINSURANCE Life Insurance — Mon, 10 May 2010 00:00:00 GMT

whole life in...

These Changes to Your Business Can Affect Your Life Insurance

EINSURANCE Life Insurance — Tue, 16 Feb 2010 00:00:00 GMT

If you’re a small business owner, there are probably a lot of people depending on your continued success – from your family to your employees, partners, investors and creditors. The best way to protect everyone’s interests, includi...

Life Events That Effect Your Life Insurance Coverage

EINSURANCE Life Insurance — Fri, 12 Feb 2010 00:00:00 GMT

You might think that a life insurance policy is something you purchase and tuck away in a drawer or safe deposit box until it matures or your beneficiaries need it. That would be a very big mistake. Thro...

Common Insurance Mistakes People Make

EINSURANCE Life Insurance — Tue, 09 Feb 2010 00:00:00 GMT

Money too tight and time is too precious to waste either. Avoid these common insurance mistakes people make and you might save a little of both.

Never ever lie on an application.
Lying includes failing to disclose requested i...

What Kind of Insurance is Tax Deductible?

EINSURANCE Life Insurance — Tue, 09 Feb 2010 00:00:00 GMT

About this time of year, you’re digging through drawers, pants pockets, purses and maybe even a file folder or two looking for receipts so you can maximize your federal income tax deductions. You may also be wondering if any of your insurance ...

Are Life Insurance Benefits Taxable?

EINSURANCE Life Insurance — Thu, 04 Feb 2010 00:00:00 GMT

Taxes are complicated…so complicated that IRS Commissioner Douglas Shulman recently disclosed he hires somebody because he finds doing his own returns too complex. He’s not alone. The vast majority of Americans (Shulman says 80%) now re...

Is Return on Premium Term Life Insurance Right for You?

EINSURANCE Life Insurance — Tue, 02 Feb 2010 00:00:00 GMT

For most people, in most situations, term life insurance versus whole life insurance is a better choice and a better value. It provides financial security for your beneficiaries in the...

How to Check a Life Insurance Company’s Financial Rating

EINSURANCE Life Insurance — Fri, 29 Jan 2010 00:00:00 GMT

Whether you’re considering whole life insurance or term life insurance, you’re looking at a commitment o...

Life Insurance with No Medical Exam

EINSURANCE Life Insurance — Thu, 28 Jan 2010 00:00:00 GMT

Before they’ll insure your life, most insurance carriers want to know whether you have any medical conditions or lifestyle behaviors that statistics say will shorten your life and increase the odds they’ll have to pay a death benefit soo...

Whole Life Insurance vs. Term Life Insurance

EINSURANCE Life Insurance — Tue, 26 Jan 2010 00:00:00 GMT

Which is better: whole life insurance or term life insurance? Like many of life’s pressing questions, the answer is, it depends. To make the decision a bit simpler, let’s first level the playing field by agreeing that neither one i...

Facts about Guaranteed Life Insurance

EINSURANCE Life Insurance — Fri, 22 Jan 2010 00:00:00 GMT

Types of Term Life Insurance

EINSURANCE Life Insurance — Fri, 22 Jan 2010 00:00:00 GMT

Dollar for dollar, term life insurance is a great value with highly competitive offerings, so it pays to shop around. Depending on the carrier, there are even types of term life with no medical exam. When looking for term life insurance ...

What To Expect at Your Term Life Insurance Medical Exam

EINSURANCE Life Insurance — Tue, 12 Jan 2010 00:00:00 GMT

Thinking about getting term life insurance? Good move. If you have a family or own a business, term life insurance is a relatively inexpensive way to provide for your beneficiaries ...

How to Get Life Insurance if You’re Sick or Unhealthy

EINSURANCE Life Insurance — Thu, 07 Jan 2010 00:00:00 GMT

Like Monday morning quarterbacking, it’s easy to see that you should have bought life insurance when you were young and healthy instead of waiting till you’re pushing 50 or racking up health problems. If you suddenly find yourself among ...

Whole Life Insurance. How Much Do You Need?

EINSURANCE Life Insurance — Wed, 28 Oct 2009 00:00:00 GMT

It’s called whole life insurance because, as long as you keep current on your premiums, it covers you for your whole life. Contrast that to term life insurance, which only provides coverage for the period (or term) specified in your policy. Both ...

What You Need to Know About Divorce and Life Insurance

EINSURANCE Life Insurance — Fri, 09 Oct 2009 00:00:00 GMT

Maybe you vowed till death do us part, but you’d do well to consider what happens to your life insurance policy in the event of a divorce. If it’s a term policy, mayb...

Insurance and Divorce: Who Keeps the Health Insurance Coverage?

EINSURANCE Life Insurance — Wed, 07 Oct 2009 00:00:00 GMT

When your marriage is going down the tubes, insurance may not be your biggest concern, but it should be, especially if you’ve been covered by your spouse’s employer-provided health insurance. Once you’re legally separated or divorced,...

Variable Life Insurance – Another Permanent Policy Option

EINSURANCE Life Insurance — Fri, 11 Sep 2009 00:00:00 GMT

As they used to say famously on the Rocky & Bullwinkle Show, “and now for something completely different” – variable life insurance. Along with whole life and its hybrid variable universa...

When To Buy Whole Life Insurance: Some Surprising Answers

EINSURANCE Life Insurance — Wed, 09 Sep 2009 00:00:00 GMT

If you’re looking for cheap life insurance, whole life insurance probably isn’t your best bet. During the first several years your whole life (also called permanent life) insurance policy is in ...

Key Executive Insurance

EINSURANCE Life Insurance — Tue, 25 Aug 2009 00:00:00 GMT

There’s a good reason why Apple kept a tight lid on Steve Jobs’ recent illness. Jobs is the quintessential key man and critical to the company’s profitability. While it would be impossible to replace him, key executive insurance or key person insurance...

E-Insure.com Free Insurance Quotes Online - eInsurance Insurance Products

EINSURANCE Life Insurance — Thu, 20 Aug 2009 00:00:00 GMT

When looking for insurance quotes separately for your vehicles, home, business, health and life insurance, you could go online. But you probably have better things to do than spend hour upon hour trying to evaluate and compare multiple quotes from comp...

Life Insurance for Senior Adults – An Affordable Safeguard in Today’s Economy

EINSURANCE Life Insurance — Thu, 13 Aug 2009 00:00:00 GMT

In a perfect world, everybody would have ample money set aside for retirement, the house would be paid for, the kids would be financially secure and we’d never have economic recessions that wipe out people life savings. But as the current situation has...

Life Insurance – Not Only You Need It – Consider Purchasing Life Insurance For Your Spouse

EINSURANCE Life Insurance — Thu, 06 Aug 2009 00:00:00 GMT

So you’ve thought about it and decided that it’s a good idea to protect your family by buying life insurance for yourself. That’s great, but don’t stop there. You and your spouse should consider also purchasing life insur...

Life Insurance – How Much Do I Need?

EINSURANCE Life Insurance — Wed, 05 Aug 2009 00:00:00 GMT

The purpose behind life insurance is not for your family to receive a windfall in the event of your death. Rather, the purpose of life insurance is so that your family is not devastated financially at the same time as being devastated emotionally by i...

Life Insurance – Do I Need It?

EINSURANCE Life Insurance — Tue, 04 Aug 2009 00:00:00 GMT

Life insurance isn’t the most pleasant topic, so many of us put off thinking about it. But, purchasing life insurance shouldn’t be delayed – it is an important decision because it insures your family’s future. Eve...

Life Insurance Part 3 - Will You Outlive Your Life Insurance Company?

EINSURANCE Life Insurance — Thu, 16 Jul 2009 00:00:00 GMT

In today’s volatile economic climate, with once-blue chip giants across all industries tanking, it’s reasonable to question the financial health and potential longevity of any company before you sign on the dotted line. When the contract in question is...

Life Insurance Part 2 - What Kind of Life Insurance Should You Get?

EINSURANCE Life Insurance — Wed, 15 Jul 2009 00:00:00 GMT

Unless you’re independently wealthy, people who depend on you would suffer financially if you were to die. That’s why they invented life insurance. You’re going to have to make a few basic decisions before you start shopping for life insurance quotes, ask yourself a fundamental question: do you really need life insurance? Not everyone does. If you have nobody who is financially dependent on you or who wou...

Getting Married? Recently Married? Time To Think About Insurance!

EINSURANCE Life Insurance — Thu, 04 Jun 2009 00:00:00 GMT

So, you’ve decide to marry the man or woman of your dreams – congratulations! Enjoy this exciting time in your life. You will be able to enjoy your new life together that much more if you make sure your future together is protected. That means it is ti...

Why You Need To Search For Insurance Quotes And Purchase Insurance Now

EINSURANCE Life Insurance — Thu, 04 Jun 2009 00:00:00 GMT

Insurance protects against accidents that you are not aware of at the time you purchase the policy. If there has already been a loss – there has been an auto accident, someone slipped and injured himself or herself on your property, there was a fire or...

An Insurance Policy Is A Contract - Don’t Forget To Uphold Your End Of The Bargain

EINSURANCE Life Insurance — Wed, 03 Jun 2009 00:00:00 GMT

When shopping around for insurance quotes, keep in mind that once you have decided on the policy that’s right for you, you should read the policy. Insurance is one of those things that you buy and hope you’ll never need. But, in the event that you suff...

Insurance Companies – Are They Really As Bad As They Are Made Out To Seem?

EINSURANCE Life Insurance — Wed, 03 Jun 2009 00:00:00 GMT

If you read the paper or watch TV, you know that insurance companies often get a bum rap. But, an insurance company is a business just like any other. An insurance company has employees to pay and needs to make a profit to stay in business. We don’t de...

What Do I Do If My Insurance Company Denied My Claim?

EINSURANCE Life Insurance — Wed, 03 Jun 2009 00:00:00 GMT

Your insurance company will deny your claim if the claim is not covered under your insurance policy. Insurance companies cannot pay claims for which they received no premium, or ...

Insurance – Sample Cancellation Letter

EINSURANCE Life Insurance — Tue, 02 Jun 2009 00:00:00 GMT

Insurance 101 – What Is It And Why Do I Need It?

EINSURANCE Life Insurance — Tue, 02 Jun 2009 00:00:00 GMT

Generally, insurance is a contract in which an insurance company agrees to indemnify you against a specific, unexpected covered loss. The idea behind insurance is that if many people pay premiums, and only a certain percentage of those people suffer lo...

The Basics Of An Insurance Policy

EINSURANCE Life Insurance — Wed, 20 May 2009 00:00:00 GMT

There is more to an insurance policy than what it costs you. In order to accurately compare one policy with another, you need to know more than just what the premium is. You need to know what each of the policies covers in order to understand if the po...

A Valentine Special: Domestic Partnership Insurance Revisited

EINSURANCE Life Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Since the e-Insure Journal first visited the domestic partner issue in July 2003, gay marriage has come to dominate headlines nationwide. Many see 2004 as the year that "m...

Filing Liability Claims: A Reality Check

EINSURANCE Life Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Over the past several weeks, I've received a number of inquiries that follow this general form:
I'm unhappy with my [pick a service provider] because he [describe an act of negligence]. I think he owes me money. How do I file a cl...

How Does Honesty Apply To Insurance?

EINSURANCE Life Insurance — Wed, 05 Nov 2008 00:00:00 GMT

This is a subject that has been debated over the years many times. In essence, honesty is one of the bedrocks of the insurance product. Without an honest insured, it is very difficult for an insurance comp...

Read The Fine Print: A Case Study In Getting The Insurance That You Paid For

EINSURANCE Life Insurance — Wed, 05 Nov 2008 00:00:00 GMT

Medicare supplement coverage—often called Medigap—has often bewildered elderly patients and their caregivers. Should one choose to join an HMO or a PPO? Should one purchase from the large menu of standardized policies? Once the final decision is made...

The Hidden Cost Of "Low Cost Term Life Insurance"

EINSURANCE Life Insurance — Wed, 05 Nov 2008 00:00:00 GMT

In my years of experience I have noticed that, when most people buy life insurance, the premiums are higher than what they expected when they filled out the application. A lot of people are misled about the cost of

What Are the Odds?

EINSURANCE Life Insurance — Wed, 05 Nov 2008 00:00:00 GMT

The whole insurance business is a numbers game, based on the odds of something happening... or not happening. Probabilities. Statistics. Tables. The average life expectancy for U.S. adults is currently 77.2 years. It's 74.4 for males and 79.8 for femal...

What Are The Principal Types Of Life Insurance?

EINSURANCE Life Insurance — Mon, 11 Feb 2008 00:00:00 GMT

There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal l...

What Are The Principal Types Of Life Insurance?

EINSURANCE Life Insurance — Sun, 10 Feb 2008 00:00:00 GMT

There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable unive...

How Much Life Insurance Do I Need?

EINSURANCE Life Insurance — Thu, 24 Jan 2008 00:00:00 GMT

In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance. If you want to create an inheritance or make a charitable contribution, buy enough life insurance to achieve those goa...

How Do I Choose An Insurance Company?

EINSURANCE Life Insurance — Fri, 16 Nov 2007 00:00:00 GMT

There are many insurance companies, so choosing between them can be a challenge. Here are the main points to keep in mind when selecting an insurance company: Licensing
Not every company is licensed to operate in each state....

Why Should I Buy Life Insurance?

EINSURANCE Life Insurance — Tue, 09 Oct 2007 00:00:00 GMT

Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations: Replace income for dependents
If people depend on your income, life i...

Is There A Difference Between Insurance Cancellation And Nonrenewal?

EINSURANCE Life Insurance — Thu, 06 Sep 2007 00:00:00 GMT

Source: Insurance Information Institute, Inc. www.iii.org - ALL RIGHTS RESERVED There is a big difference between an insurance company canceling a policy and choosing not to renew it. Insurance c...